What Got You Here Won't Get You There
Synergy and natural laws
Barry Diller, the chairman of IAC/Interactive Corp., was at Harvard Business School explaining the rationale behind the mosaic of interactive commerce companies he had assembled at IAC, such as Ticketmaster, Hotels.com, Match.com, and LendingTree.com. One of the students pointed out that these various businesses seemed to be operating independently, not in a coordinated synergistic fashion.
Diller erupted in mock anger. "Don't ever use that word synergy. It's a hideous word," he said. "The only thing that works is natural law. Given enough time, natural relationships will develop between our businesses."
I agree. What applies to disparate parts of a giant company also applies to disparate people in an organization. You can't force people to work together You can't mandate synergy. You can't manufacture harmony, whether it's between two people or two divisions. You also can't order people to change their thinking or behavior. The only law that applies is natural law.
The only natural law I've witnessed in three decades of observing successful people's efforts to become more successful is this: People will do something - including changing their behavior - only if it can be demonstrated that doing so is in their own best interests as defined by their own values.
Leadership pitfalls - success is fickle!
This book describes how to recognize many of the pitfalls of leadership, and how to use feedback gathered from 360 degree reviews to grow as a leader.
It's an extremely impressive accomplishment for a book to achieve five star ratings on Amazon. Yet over 95% of the over 100 people who have reviewed this book rate it that way! The author, Marshall Goldsmith, is a noted consultant to Fortune 500 CEOs. He summarizes those pitfalls in 5 main areas:
- Overestimating our contributions to a project
- Taking credit for the successes that belong to others
- Having an elevated opinion of our professional skills and our standing among our peers
- Ignoring the failures and time-consuming dead-ends we create
- Exaggerating our projects' impact on net profits by discounting the real and hidden costs built into them
